December 14, 2024

Southwest Airlines adopts ’poison pill’ after Elliott Management discloses 11% stake

 Southwest Airlines adopts ’poison pill’ after Elliott Management discloses 11% stake

Southwest Airlines adopts ’poison pill’ after Elliott Management discloses 11% stake

Southwest Airlines Co. said Wednesday its board is adopting a limited-duration shareholder rights plan that is effective immediately and will expire in one year.